"Exciting Milestone: New 60MW Solar and Energy Storage Hybrid
In an exciting development for renewable energy in Africa, Qair, an Independent Power Producer (IPP), has successfully closed a loan to finance a significant 60MW hybrid
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Mauritius: Qair secures financing for hybrid solar + storage project
Independent renewable energy company Qair announces the closing of a new loan to support the implementation of a hybrid solar photovoltaic and battery energy storage
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3 FAQs about [Solar Panel project financing options in Mauritius 2025]
Who installed the solar PV farm in Mauritius?
Siemens France installed the solar PV farm in Mauritius. The finance minister also announced plans to increase the capacity of the solar PV farm at Henrietta from 2 MW to 10 MW; the CEB subsequently launched a tender for an 8MW ac solar PV farm project valued at $8 million.
What loans are available in Mauritius?
Concessional loans: • The Development Bank of Mauritius provides individuals a concessional loan of MUR 250,000 at an interest rate of 2% for solar PV kits. • Industrial users eligible for a Carbon Neutral Loan Scheme by the Industrial Finance Corporation of Mauritius (IFCM) over 7 years at a preferential rate of 3 percent.
Why should you invest in Mauritius?
• Mauritius, as an integral part of the African Continent has excellent bilateral ties with African Countries. • Moreover, the local expertise of Mauritius in the energy sector coupled with the offering of its International Financial Centre can be leveraged upon for structuring and management of energy projects in Africa.